This property looks like a bad Mid-Term investment with a projected -4.57% first-year return on $80,307 initial cash invested.
-4.57%
Cash On Cash
5.65%
Cap Rate
0.87
DSCR
$2,592
Rent
-$306
Cashflow
Cash Flow
$2,592 income − $2,898 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$297k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$80,307
Downpayment
20%
$59,340
Closing costs
1%
$2,967
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,592
Total Expenses
$2,898
Mortgage P&I
62%
$1,599
Property Taxes
12%
$310
Home Insurance
4%
$107
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285